SIGA Technologies Inc (SIGA) Straddle

Trading a SIGA straddle lets you take a pure volatility position on SIGA Technologies Inc without committing to a direction. SIGA Technologies Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate SIGA straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SIGA profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when SIGA Technologies Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the SIGA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

SIGA Technologies, Inc., a commercial-stage pharmaceutical company, focuses on the health security and infectious disease markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. SIGA Technologies, Inc. has a strategic partnership with Cipla Therapeutics to deliver sustained innovation and access to antibacterial drugs primarily against biothreats. The company was incorporated in 1995 and is headquartered in New York, New York.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the SIGA straddle is the cleanest expression of that view. Our scanner prices every SIGA straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a SIGA straddle into a catalyst or short a SIGA straddle to harvest decay, the options straddle setups that matter are all in one place.